Zen Technologies surges on securing order worth Rs 152 crore from Ministry of Defence
Zen Technologies is currently trading at Rs. 1495.50, up by 29.35 points or 2.00% from its previous closing of Rs. 1466.15 on the BSE.
The scrip opened at Rs. 1482.00 and has touched a high and low of Rs. 1529.00 and Rs. 1482.00 respectively. So far 83550 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2627.95 on 24-Dec-2024 and a 52 week low of Rs. 886.20 on 09-May-2024.
Last one week high and low of the scrip stood at Rs. 1599.25 and Rs. 1411.00 respectively. The current market cap of the company is Rs. 13552.58 crore.
The promoters holding in the company stood at 49.05%, while Institutions and Non-Institutions held 17.26% and 33.69% respectively.
Zen Technologies has secured order worth Rs 152 crore (inclusive of taxes) from Ministry of Defence, Government of India. The order is for the supply of Zen’s state-of-the-art Integrated Air Defence Combat Simulator (IADCS) for the L70 Gun, further reinforcing the country’s pursuit of technological self-reliance in the defence sector.
The IADCS is a cutting-edge virtual simulation system designed to provide comprehensive training for air defence operations. Developed entirely through Zen's internal R&D efforts under the Make II category, the project showcases the Company’s commitment to building proprietary technologies and intellectual property with strategic value to the armed forces.
The Zen IADCS enhances operator readiness and unit-level coordination through hyper-realistic virtual environments that replicate real-world scenarios, thereby reducing the need for costly and logistically complex live training exercises. The solution is scalable and adaptable, offering significant long-term operational and economic benefits. With this contract, Zen continues to demonstrate its capability to conceptualize, design, and deliver complex defence training solutions that uphold national strategic interests and meet international standards.
Zen Technologies is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators.
